YDHLGE Logo
YDHLGEYou Don't Hate Local Government Enough
Back to Docket Search
38 • REGULARFort Bend County Municipal Utility District #131 (Fort Bend County)

Docket Item 38

Presented in: Board of Directors Regular Meeting - July 23, 2024 on 2024-07-23
Meeting Agenda PDF

Official Roll-Call Vote

Restrains Gov't • 2.9/10 Impact Weight
PASSED (5 - 0)
“Motion to approve Docket Item 38”
JR
Joann Randall
President
YES
JM
Jeanna Maxwell
Director, Place 1 (Place 1)
YES
LS
Leslie Smith-Boards
Director, Place 2 (Place 2)
YES
JJ
Jennifer Jacobs
Director, Place 3 (Place 3)
YES
MH
Michael Higgins
Director, Place 5 (Place 5)
YES

Staff Report & Agenda Item Details

2. For any designated operating reserve, the investment will mature no later than two hundred seventy- five (275) days after the date of purchase, provided that the District’s Board of Directors may authorize an investment with a longer maturity. 16 EXHIBIT B INVESTMENT OFFICER’S CERTIFICATION OF RECEIPT AND REVIEW OF INVESTMENT POLICY THE STATE OF TEXAS COUNTY OF I, the undersigned ______________________________________, do hereby certify that I have been presented a copy of the Order Designating Investment Officer and Establishing Rules, Policies, and Code of Ethics for the Investment of District Funds and Review of Investments (the “Investment Policy”) for _______________________. I have thoroughly reviewed the Investment Policy and acknowledge that I have implemented procedures and controls to comply with the Investment Policy. WITNESS MY HAND THIS ____ day of _______________________________, 20__. By: ____________________________________ Name: ____________________________________ Title: ____________________________________ 17 EXHIBIT C CERTIFICATION OF RECEIPT AND REVIEW OF INVESTMENT POLICY THE STATE OF TEXAS COUNTY OF ___________ I, the undersigned, of ______________________________________________, do hereby certify that I have been presented a copy of the Order Designating Investment Officer and Establishing Rules, Policies, and Code of Ethics for the Investment of District Funds and Review of Investments (the “Investment Policy”) for ______________________. I have reviewed the Investment Policy and acknowledge that ______________________________ has implemented procedures and controls in an effort to preclude investment transactions conducted between the District and that are not authorized by the District’s Investment Policy, except to the extent that the authorization is dependent on an analysis of the District's e

Bastiat Liberty & Property Rights Analysis

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.9/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.